Meck Doramen & Associates

Who starts building a house without first making an estimate of the cost?

Who starts up a business without creating a budget and start-up plan??

USA SBA defines a "small" business as one with 500 employees or less. In 2019, the failure rate of startups was around 90%. The research concludes 21.5% of startups fail in the first year, 30% in the second year, 50% in the fifth year, and 70% in their 10th year. has shown that a number of SMEs and start-ups fail within the first ten years after start-up.

No one starts a business expecting to fail. Starting a business can be a lot of fun and excitement. Success requires a lot of planning and starting the business the right way. Entrepreneurship is easier if you start your business the right way.

The worst part about a failing business is that the entrepreneur is unaware of it happening until it is often too late. It makes sense because if the Promotor/ Entrepreneur really knew what he was doing wrong, he might have been able to save the business. Some entrepreneurs live in a land of denial while others are unaware of their mistakes.

One thing is for sure, a business almost always fails because of the entrepreneur.

“It’s not the plan that is important, it’s the planning.” Dr. Graeme Edwards

This is where Meck Doramen & Associates specializes. At Meck Doramen & Associates, our goal is to dispense constructive solutions that maximize profitability and efficiency in your business. Meck Doramen & Associates is a dedicated financial advisory firm that provides advisory, strategic, assurance, and compliance services to businesses within Africa and beyond.

Advisory Services: Our advisory services integrated functional knowledge to help you address your financial, business, and investment challenges. We assist our clients to develop an acquisition approach, identify targets or interested parties, instigate negotiations and help conclude transactions. Our financial advisory includes cash flow analysis and forecasting, risk and debt management, liquidity management and finance, ROI, and capital efficiency.

Strategy Services: Every business thrives on efficient systems and strategies. At MD Associates, we understand that strategic decisions are a product of strategic information. We keep our clients abreast with qualitative and quantitative business and data analysis which enhances the development and execution of business strategies. Our strategy services include Business model development, investment appraisal and analysis, loan/mortgage advisory, debt recovery strategy, credit management, and sourcing, change management, and digital strategy.

Compliance Services: We assist our clients in achieving conformity with regulatory requirements. Whether it is a state-owned enterprise, a private company, or a multinational corporation, we offer customized solutions to ensure compliance with applicable laws and standards. Our compliance services include tax services (corporate income tax, personal income tax, value-added tax, International tax, tax certification, etc.), IFRS compliance, US GAAP compliance, reporting, compliance, and risk assessment.

Assurance Services: We ensure that our client's practices are credible thereby dissuading fraudulent practices. Our professionals with a robust understanding of regulation and legislation help companies to improve their corporate reporting and provide assurance that their systems are operating effectively within a well-controlled environment. Our assurance services include financial statement audits, internal audits, and controls, risk spectrum analysis, system and procedure audits, forensic audits.

Do not allow your business to suffer. Let Meck Doramen & Associates guide you to formulate effective strategies that will upscale your business.

Contact [email protected]

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